E-Business
Mukuru Offers Mobile Phone-Based Debit Card in South Africa
Mukuru.com, global money transfer service operator has announced the launch of a mobile phone-based debit card in South Africa, Techzim reported.
It is optimised for existing Mukuru services in addition to using the card for regular banking and point of sale transactions. The card is backed by Standard Bank.
It is aimed at migrants who find it hard to open a bank account in South Africa, which then makes it difficult to transfer money securely to relatives in the greater Southern Africa region.
The debit card costs ZAR 25 and an account can be opened at Inter Africa stores in South Africa.
Mukuru services available through the card include regional remittances via a mobile phone.
Using a mobile phone to transact is already available to Mukuru customers already even without the debit card.
In Africa, so far Mukuru customers are able to send money to Zimbabwe, Malawi, Zambia and Nigeria.
In Zimbabwe, recipients can collect their money countrywide at banks like CABS, CBZ and Banc ABC, as well as standalone Mukuru pay-out partners.